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Property profile & analytics

430 Main Ave Norwalk, CT 06851

  • Investment properties
  • 34,583 SF
  • 1.52 lot acres
For Lease
Last Sale
Jan 27, 2023
$6,000,000
Value Estimations
$6,015,000
Cap Rate Potential
Location Intelligence
Property ID
US15-0644754
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Angel Reflexology / Alternative Medicine Practice / Spa & Massage Center
  • Studio Arte / Association / Organization
  • The Next Street Driver Rehabilitation Services / Social Service Agency
  • Sai LLC / Business Management Consultant
  • Rejuve Therapeutic Massage LLC / Alternative Medicine Practice / Spa & Massage Center

Property Details for 430 Main Ave

Year built
1990
Construction
STEEL FRAME
Lot size
1.52 lot acres
Property size
34,583 SF
Zone code
B2
Property type
Investment properties
Property subtype
Live-work space
APN
NORW M:5 B:22B L:11
APU
NORWM5B22BL11

Description

This three-story, 34,583 square-foot retail and office building in Norwalk, CT, offers exceptional leasing opportunities. Located at a signalized intersection on Main Avenue, the property boasts 220 linear feet of frontage and two curb cuts, ensuring high visibility and accessibility. The 1.52-acre site provides 75 shared parking spaces for tenants and customers. Currently, three spaces are available: a divisible 2,380 square-foot retail unit (previously $35/RSF NNN, now $30/RSF NNN), and two second-floor office spaces, one at 1,100 square feet and another 950 square-foot unit (available January 2025). Both office spaces are leased at $25/RSF NNN (previously $27.27/RSF NNN). The building features prominent monument signage and additional signage along Main Avenue. This prime location is across from the revitalized Merritt 7 Corporate Park, near over 2,000 new apartments, and within easy reach of major roadways including the Merritt Parkway (Exit 40), Route 7 connector, and I-95. Nearby amenities include Walmart, Stop & Shop, LA Fitness, and several hotels. The minimum leasable space is 1,100 square feet, with a maximum contiguous space of 2,380 square feet. The building was constructed in 1992 and is zoned General Urban Corridor Community District (CD-3C). The building has 14 total suites. Currently, 3,480 square feet of space is vacant.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,975,000
    ML approach
    $6,075,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $7,127,000
    Market price range: $6.18M - $10.9M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $8,350,000
    Current use
    RESTAURANT
    $8,885,000
    Change: +6% Conversion: Difficult
    AUTO REPAIR, GARAGE
    $8,080,000
    Change: -3% Conversion: Difficult
    OFFICE BUILDING
    $7,490,000
    Change: -10% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Norwalk
County
Fairfield
State
Connecticut
Longitude
-73.4257
Latitude
41.1478
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$99,492
$1,843,300
$2,110,900
$3,954,200
-
$0.00
$0.00
$0.00
More about this property
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